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IDC Kitchen Secures Rs 1.5 Crore Debt Funding from Velocity to Expand Reach and Enhance Culinary Offerings

IDC Kitchen, a popular quick-service restaurant chain specializing in vegetarian South Indian cuisine, has successfully secured Rs 1.5 crore in debt funding from Velocity, a financing platform backed by Peter Thiel’s Valar Ventures.

The funds raised will be strategically utilized by IDC Kitchen to fuel marketing initiatives and cover inventory-related expenses. The company aims to strengthen its market presence while staying true to its mission of delivering an authentic South Indian culinary experience.


Founded in 2012 by Abhishek Baldota, IDC Kitchen has established itself as a go-to destination for affordable South Indian delicacies. With products available on major food delivery platforms and catering services for parties and events, IDC Kitchen caters to a diverse range of customers.


Headquartered in Bengaluru, IDC Kitchen currently operates 11 locations in Bengaluru, two in Mumbai, and one in Raichur. The company envisions empowering the Indian quick-service restaurant landscape through its offerings.


The rapid growth of the quick-service restaurant (QSR) market is evident, with a projected valuation of $38.71 billion by 2029, compared to the current valuation of $25.46 billion, according to Mordor Intelligence.


Velocity, known for its cash-flow-based financing model, has been actively supporting new-age businesses in the food industry. With investments in various restaurants and cloud kitchens, including well-known brands like Brahma Brews, BurgerRama, and Jamie Oliver’s Pizzeria, Velocity has become a trusted partner for culinary ventures. With over 4,000 brands in its portfolio and partnerships with 26 marketplaces, Velocity has disbursed over Rs 750 crore in funding.


Having raised $30 million in equity funding led by Valar Ventures, Velocity continues to play a pivotal role in fueling the growth and expansion of businesses across the food industry landscape.


 

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